What Sk Enmove does

SK Enmove is a Company-in-Company (CIC) of SK On Co., Ltd., headquartered in Seoul, South Korea, that develops and supplies premium Group III base oils, lubricants, EV fluids, immersion cooling fluids, and HVAC refrigerant fluids. Originally established as SK Lubricants in 1963 and rebranded to SK Enmove in December 2022, the company leverages proprietary Fluid Technology anchored on the YUBASE base oil platform, with viscosity index of 120 or higher, sulfur content of 0.03% or less, and saturation of 90% or more. SK Enmove claims the world's largest premium base oil production capacity, supports 500+ blending formulations, and holds the original Group III commercialization patents. The portfolio is sold under the YUBASE/YUBASE Plus (base oil), ZIC (premium lubricants), ZIC e-FLO (EV fluids), Immersion Cooling Fluids, and HVAC Fluids (SK Refrigerant and Refrigerant Oil) brands.

The business operates a global B2B enterprise sales model anchored on factory-fill supply to automotive OEMs and aftermarket distribution, with manufacturing facilities in Korea (Ulsan), Spain (Cartagena, via ILBOC JV with Repsol), China (Tianjin), and Indonesia (Dumai, via Patra SK JV with Pertamina), plus regional sales subsidiaries in Amsterdam, Beijing, Tokyo, Houston, and Singapore. SK Enmove serves 10+ named global automotive OEMs (Mercedes-Benz, BMW, VW, Porsche, Renault, GM, Daimler, MAN, Volvo, Scania), lubricant blenders in more than 50 countries, and is actively expanding into AI data centers (partnerships with GRC, Iceotope, Dell, SK Telecom, Giga Computing, LG Electronics), ESS (Hanwha Aerospace for non-flammable ESS), and EV battery thermal management. ZIC is Korea's No.1 engine oil brand with 27 consecutive years at the top of the Korea Brand Power Index (K-BPI), and the company holds ISO 9001, IATF 16949, ISO 14001, ISO 45001, and PSM certifications across its operations.

In November 2025, SK Enmove merged with SK On Co., Ltd. to accelerate growth and secure competitiveness in Fluid Technology, operating under the SK On umbrella while retaining its own brand identity, sub-brands, and global manufacturing and sales footprint. Revenue is not publicly disclosed.

Name

Sk Enmove

Legal name

SK Enmove Co., Ltd.

Website

https://skenmove.com

Company type

Private

Founded year

2022

Operating status

Operating

Short description

SK Enmove is a Company-in-Company of SK On that develops and supplies premium Group III base oils, lubricants, EV fluids, immersion cooling fluids, and HVAC refrigerants globally, serving automotive OEMs, lubricant blenders, and AI data center operators through manufacturing operations in Korea, Spain, China, and Indonesia.

Ownership category

akta.pro rank

Product category

Industrial Lubricants and Specialty Fluids

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Petroleum and Coal Products Manufacturing (3241), Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (423720)

SIC

Petroleum Refining (2911), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Base Oil Production & Supply (Group I–V, Re-refined) (EUALAJAA)

akta.pro secondary industries

Automotive Lubricants (PCMO, HDMO, ATF, Gear Oils, Coolants) (EUALAJAH), Industrial Lubricants (Hydraulics, Gear, Compressor, Turbine, Metalworking) (EUALAJAG), Lubricants Distribution & Wholesale (Bulk, Packaged, B2B) (EUALAJAE), Refrigeration Compressor Oils (IMAEAMAH)

Keywords

• Premium base oils
• Engine lubricants
• EV fluids
• Immersion cooling fluids
• HVAC refrigerants

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Base Oil (YUBASE): Premium Group III base oil sold globally to more than 50 countries. World's largest premium base oil production capacity. Products include YUBASE 2, 3, 4, 4 Plus, 6, 6 Plus, 8.
2. Lubricants (ZIC): Premium synthetic engine oil brand using YUBASE base oil. Korea's No.1 engine oil brand (No.1 in K-BPI for 27 consecutive years since 1998). Supplies factory-fill oils and aftermarket products to global automakers including Mercedes-Benz, BMW, VW, Porsche, Renault, GM, Daimler, MAN, Volvo, Scania. Exports to 60 countries.
3. EV Fluids (ZIC e-FLO): Electric vehicle lubricants brand for EV fluids market. Differentiated technology leveraging premium base oil YUBASE quality and over 10 years of EV fluids development experience.
4. Immersion Cooling Fluids: Thermal management solutions for AI data centers, energy storage systems (ESS), EV batteries, and EV fast chargers. Expanding presence through partnerships with GRC, Iceotope, GIGABYTE, Hanhwa Aerospace, Incell, Destin Power, and FUJIPOLY.
5. HVAC Fluids: Next-generation refrigerants and refrigerant oils for vehicle electrification and global environmental regulations. SK Refrigerant and Refrigerant Oil for optimal heat transfer and lubrication performance.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

SK Enmove manufactures and globally supplies premium Group III base oils under the YUBASE brand and synthetic engine and industrial lubricants under the ZIC brand, leveraging proprietary Fluid Technology developed from a patented base oil platform with 500+ blending formulations. The company also produces ZIC e-FLO electric vehicle fluids, immersion cooling fluids for AI data centers, ESS, and EV batteries, and next-generation HVAC refrigerants and refrigerant oils for vehicle electrification. Revenue is generated through factory-fill OEM supply, aftermarket distribution, B2B base oil sales to lubricant blenders, and direct enterprise sales for thermal management solutions.

Product overview

SK Enmove operates as a Company-in-Company (CIC) of SK On Co., Ltd., rebranded in December 2022 from SK Lubricants. The company offers a portfolio of fluid technology products built around YUBASE premium base oils. Core offerings include: YUBASE and YUBASE Plus (premium Group III base oils with world's largest production capacity and exports to 50+ countries); ZIC premium lubricants (Korea's No.1 engine oil brand supplying global automakers); ZIC e-FLO electric vehicle fluids; Immersion Cooling Fluids for AI data centers, ESS, and EV batteries; and HVAC Fluids including SK Refrigerant and Refrigerant Oil for vehicle air conditioning. All products leverage Fluid Technology for energy efficiency across mobility and AI applications.

Differentiator

Problem solved

Functional benefit

Brands

• YUBASE: Premium base oil brand with the world's largest premium base oil production capacity, global network, and diverse partnerships. YUBASE is a high-quality Group III base oil with viscosity index of 120 or higher.
• YUBASE Plus
• ZIC
• ZIC e-FLO
• SK ZIC

Products and services

• YUBASE Premium Base Oil Premium Group III base oil with world's largest production capacity, viscosity index of 120 or higher, sulfur content 0.03% or less, saturation 90% or more, supporting 500+ blending formulations. Includes YUBASE 2, 3, 4, 4 Plus, 6, 6 Plus, and 8. Sold globally to lubricant blenders and OEMs in more than 50 countries.
• YUBASE Plus Premium Base Oil Top-tier Group III+ base oil brand with viscosity index of 130 or higher, representing the premium tier within the YUBASE family for high-specification lubricant blending.
• ZIC Synthetic Engine Oils and Lubricants Premium synthetic engine oils and industrial lubricants blended with YUBASE and YUBASE Plus base oils, including engine oils for passenger cars and commercial vehicles, gear oils, hydraulic and industrial oils, and greases. Korea's No.1 engine oil brand (K-BPI for 27 consecutive years), supplied as factory-fill and aftermarket to global automakers including Mercedes-Benz, BMW, VW, Porsche, Renault, GM, Daimler, MAN, Volvo, and Scania and exported to 60 countries.
• ZIC e-FLO Electric Vehicle Fluids Electric vehicle lubricants leveraging YUBASE premium base oil and over 10 years of EV fluids development experience. Provides motor fluids, e-Drive lubricants, and battery thermal management fluids with customized viscosity, exceptional cooling performance, electrical insulation to prevent short circuits, gear and key component protection, corrosion resistance, and oxidation stability for extended service life.
• Immersion Cooling Fluids Thermal management fluids based on YUBASE base oil for immersion cooling of heat-generating bodies including AI data centers, energy storage systems, EV batteries, and EV fast chargers. Improves fire safety, cooling efficiency, and power efficiency, and supports a non-flammable ESS design (world's first, co-developed with Hanwha Aerospace in 2024). Commercialized with ecosystem partners GRC, Iceotope, GIGABYTE, Fujipoly, Incell, Destin Power, and Hanwha Aerospace.
• HVAC Fluids (SK Refrigerant and SK Refrigerant Oil) Next-generation refrigerants (SK Refrigerant) and refrigerant oils (SK Refrigerant Oil) for vehicle air conditioning and other applications, optimized for vehicle electrification and global environmental regulations (F-gas, PFAS). Designed for optimal heat transfer and lubrication performance, including dual-purpose heating and cooling capability required in electric vehicles.

Quantifiable outcome

• Energy loss reduction for extended EV driving range
• +3 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• LG ElectronicscoreStrategic or Co-development Partner · 21 April 2026SK Enmove partnered with LG Electronics for immersion cooling technology to expand into the global AI data center market. LG showcased SK Enmove's immersion cooling technology at Data Center World 2026 in Washington as part of their advanced cooling solutions for AI data centers.
• SK OncoreStrategic or Co-development Partner · 11 March 2026SK Enmove showcased liquid immersion cooling technology co-developed with SK On at InterBattery 2026. SK Enmove is a Company-in-Company (CIC) of SK On Co., Ltd. Collaboration on EV battery thermal management and immersion cooling for ESS and robotics applications.
• Gabriel India LimitedmajorStrategic or Co-development Partner · 1 October 2025Joint venture agreement signed (October 2025) with Gabriel India Limited for lubricant business expansion in India. SK Enmove Gabriel India Pvt. Ltd. established in Gurgaon, India.
• SK TelecommajorStrategic or Co-development Partner · 1 March 2025MOU signed (March 2025) with SK Telecom and Giga Computing for next-generation cooling technology development. Collaboration to develop advanced cooling solutions for data centers and AI applications.
• Giga ComputingmajorStrategic or Co-development Partner · 1 March 2025MOU signed (March 2025) with SK Telecom and SK Enmove for next-generation cooling technology development. Giga Computing is a technology company providing server and computing solutions.
• SQM (Sociedad Química y Minera de Chile)minorStrategic or Co-development Partner · 1 October 2024Supply agreement signed (October 2024) with SQM for iodine, a key material for next-generation automotive refrigerants. Securing supply chain for HVAC fluids business.
• IceotopemajorTechnology or Integration · 1 February 2024MOU signed (February 2024) for collaboration in next-generation cooling and solutions. Iceotope is precision liquid cooling technology provider. Listed as logo partner for SK Enmove's immersion cooling fluids.
• Hyundai Motor GroupcoreStrategic or Co-development Partner · 1 January 2024MOU signed (January 2024) for development of next-generation automotive refrigerants. Collaboration to develop refrigerants optimized for vehicle electrification and environmental regulations.
• Hanwha AerospacecoreStrategic or Co-development Partner · 1 October 2023MOU signed (October 2023) for immersion cooling of marine ESS. Achieved world's first development of 'non-flammable ESS' with Hanwha Aerospace (September 2024). Listed as logo partner for SK Enmove's immersion cooling fluids ecosystem.
• Dell TechnologiesmajorStrategic or Co-development Partner · 1 August 2023MOU signed (August 2023) with Dell and GRC to promote the immersion cooling business for data centers. Collaboration to expand immersion cooling solutions in enterprise data center market.
• GRC (from Dell MOU)majorTechnology or Integration · 1 August 2023MOU signed (August 2023) with Dell and SK Enmove to promote immersion cooling business for data centers. SK Enmove had previously invested in GRC (October 2022).
• GRC (The Immersion Cooling Authority)coreTechnology or Integration · 1 January 2023GRC is a U.S.-based immersion cooling technology company. SK Enmove invested in GRC (October 2022) and introduced immersion cooling technology for data centers at CES 2023 together. GRC is listed as a logo partner for SK Enmove's immersion cooling fluids ecosystem.
• FC BarcelonaminorGTM or Marketing Partner · 1 July 2018Sponsorship agreement signed (July 2018) for sports marketing and brand promotion. Global sponsorship for brand visibility in European market.
• RepsolmajorStrategic or Co-development Partner · 1 October 2014Partnership with global energy company Repsol for establishment of lubricants base oil plant in Spain. ILBOC (ILBOC Lube BASE OILS, S.A.) established in Cartagena, Spain as joint venture. Full-scale commercial production commenced 2014.
• PT Pertamina (Pertamina)majorStrategic or Co-development Partner · 1 June 2010Joint venture with PT Pertamina (Patra SK) established 2006. SK Enmove acquired shares of PT Patra SK (Investment: Approx. USD 59.45 million) in 2010. Manufacturing operation in Dumai, Indonesia.
• Green Revolution CoolingcoreTechnology or IntegrationPartnership for immersion cooling technology through which LG Electronics unveiled advanced cooling solutions at Data Center World 2026. SK Enmove's immersion cooling technology partnered with Green Revolution Cooling.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Fuchs Petrolub SE: Germany-based specialty lubricants leader (Fuchs, Pentosin) with strong industrial and automotive OEM presence. Comparable to SK Enmove in industrial lubricants (hydraulics, gear, compressor) and EV fluids.
• ExxonMobil (Mobil 1 / Imperial Oil): Major integrated base oil and lubricants producer (Mobil 1, Esso) with strong OEM factory-fill positions. Direct competitor to SK Enmove in premium Group III and Group III+ base oils and synthetic engine oils.
• S-OIL Corporation: Korean refiner with growing premium base oil and lubricants business, competing head-to-head with SK Enmove in the Korean OEM factory-fill and Asian export markets.
• Chevron Corporation (Delo, Havoline, Techron): Integrated energy company with significant lubricants and base oil operations (Delo, Havoline, ISOCLEAN). Direct competitor in automotive and industrial lubricants serving global OEMs.
• BP (Castrol): Global lubricants brand (Castrol) with extensive OEM approvals and a growing EV fluids portfolio (Castrol ON). Closely comparable to SK ZIC in automotive lubricants and EV fluids.
• Idemitsu Kosan: Japanese integrated oil company with one of the world's largest premium Group III base oil operations and a strong Asian/automotive OEM foothold. Closest direct competitor to SK Enmove's YUBASE franchise with similar technical specifications.
• Shell plc (Shell Lubricants / Pennzoil): One of the world's largest lubricant and base oil producers with global brand presence (Shell Rotella, Pennzoil, Shell Helix). Directly comparable to SK Enmove across premium base oil, automotive lubricants, and increasingly EV fluids and immersion cooling fluids.
• TotalEnergies: Integrated oil major with a sizable lubricants business (Total Quartz, Total Rubia) and active development of EV fluids. Competes with SK Enmove in base oil, automotive, and industrial lubricants globally.

Emerging players

• The Chemours Company: Specialty chemicals producer of refrigerants (Opteon, Freon) and thermal management fluids. Comparable to SK Enmove's HVAC fluids (SK Refrigerant, Refrigerant Oil) business as next-generation refrigerants and F-gas compliance products emerge.

Broad incumbents

• PetroChina (Kunlun Lubricant): Major Chinese state-owned integrated oil and lubricants player (Kunlun brand) with large base oil capacity. Comparable to SK Enmove in scale and breadth of lubricant offerings, mostly in Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@skenmove1995
• LinkedInkr.linkedin.com/company/sk-enmove

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sk Enmove